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India

Exide Industries, India acquires stake in renewable energy firm to power its Bawal plant

On April 26, Exide Industries Limited entered into an agreement for acquiring 26% equity stake in "Clean Max Arcadia Private Limited", a special purpose vehicle (SPY) promoted and incorporated by Clean Max Enviro Energy Solutions Pvt Ltd. for generation and supply of solar power at its Bawal factory in Haryana.
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